Project management and its methodologies: which are the most effective?

Project management methodologies help us systematize a task. They serve to set the objectives and a correct organization. In addition, they mark the steps to be taken in each of those projects that are carried out in a company. We analyze what project management consists of and what are the most effective and productive methodologies.

The usefulness of methodologies for project management

When various tasks and projects are carried out in a company, it’s very useful to delegate and distribute by teams. In this way, you get a correct and efficient organization. Management methodologies in addition to this are useful in terms of defining and temporalizing objectives. And also, to systematize the procedures for the development oriented to the production of products or services.

By structuring and organizing the way the work is carried out, the times for the project are better defined. Risks are minimized and even the capabilities and skills of teamwork are better developed. What are the methodologies that best help productivity?

More efficient methods for project management

We detail below the methodologies that can best help the project management of a hardware company:

1 PERT Project Evaluation and Review Technique

The PERT (Project Evaluation Review Technique) emphasizes the time it would take to perform the day’s tasks. The maximum and minimum time, if everything goes well or if there are problems or difficulties. To calculate an estimate of what they could take as average time.

2 Gantt chart

One of the oldest and most effective, adapted to current situations, especially for projects in which changes are a constant. The Gantt chart is divided into two axes. One notes the tasks and activities. And in the other the duration of these from the beginning until they are terminated. In the same axis, the most important tasks are highlighted. And those that would take the most time to be able to establish priorities when it comes to executing them.

3 Prince2

Prince2 means Projects in Controlled Environments. Of a flexible nature, a justification is detailed for each new project. They are divided into phases thus allowing the control of resources and detecting possible drawbacks. Another advantage is that it analyzes the relationship of costs with profits.

4 Critical chain

Based on the theory of constraints, this method for enterprise project management aims to get the task done. Considering that they are going to be under uncertainty, limitations and possible obstacles. To detect and identify them it will be easier to solve them. In turn, priority is given to the most relevant tasks and the rest is subordinated to the main ones.

5 Waterfall

It is a traditional model widely used in the manufacturing and construction sectors. The project is established with a sequence hierarchy. From start to finish where one depends on the other.

6 Agile

The processes in which any project is outlined are drawn in small phases. The goals, in addition to all phases, are to detect possible problems and adapt to the changes that arise. It is a flexible method that provides great solutions, especially in cooperative teamwork.

7 Kanban

Instead daily meetings at the beginning of the day, this methodology proposes a visual approach focused on time management. The overall project and the relationship of the budget to the costs. Through these premises, employees are already clear about what is expected of them. They know what their roles and responsibilities are.

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